British Columbia · CCAA
Monitor’s Fifth Report – August 6, 2014
Court officer report · 6 August 2014
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: As set out more fully below, the parties have agreed that the claims of the Crown will be excluded from the proposed Plan and any amounts that were outstanding at the Filing Date shall be paid in full by the Petitioners. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: Crown Claims · creditor name: Her Majesty the Queen in right of the Province of British Columbia · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Secured Creditor Settlement Amount to be paid in cash is to be an amount equal to 24.67% of their Secured Creditor Claim. · pct of: unstated · outcome: distribution · pct low: 24.67 · pct high: 24.67 · class key: secured · stated by: monitor · class label: Secured Creditors · interim final: unstated · conditional on: 24.67% of Secured Creditor Claim paid in cash; balance satisfied by Secured Creditor Settlement Shares · claims qualifier: unstated; basis: plan · quote: Crown Claims - All amounts that were outstanding at the Filing Date shall be paid in full by the Petitioners within six months of the Final Order as required by subsection 6(3) of the CCAA; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: Excluded Creditors - Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Employee Priority Claims - All Employee Priority Claims are to be paid by the Petitioners immediately after the date of the Final Order, in full, as required by subsection 6(5) of the CCAA; and, · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: Employee Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Professional Fees Subject to the Administration Charge - any outstanding amounts at the Plan Implementation Date will be fully paid by the Petitioners at the Plan Implementation Date. · pct of: unstated · outcome: paid_in_full · class key: court_charges · stated by: monitor · class label: Professional Fees Subject to the Administration Charge · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The holders of the Equity Interests shall not receive any distribution under the Plan or otherwise recover anything in respect of their Equity Interests. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Equity Interests · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Crown Claims in respect of all amounts that were outstanding at the Filing Date shall be paid in full to the Crown within six months of the Final Order, as required by subsection 6(3) of the CCAA. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Immediately after the date of the Final Order, the Petitioners will pay in full all Employee Priority Claims, if any, to its employees and former employees as required by subsection 6(5) of the CCAA and other applicable legislation. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: Employee Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: On the Plan Implementation Date, all outstanding fees and disbursements payable pursuant to the Administration Charge shall be fully paid. · pct of: unstated · outcome: paid_in_full · class key: court_charges · stated by: monitor · class label: Administration Charge · interim final: unstated · claims qualifier: unstated · table missing: